South Cyprus
South Cyprus boasts a rich cultural heritage and a fascinating history, with ancient ruins, medieval castles, and traditional villages to explore.
There is a high standard of living, with excellent healthcare facilities, international schools, and a bustling expat community. Additionally, the region enjoys a warm and sunny climate all year round, making it a perfect destination for those seeking a relaxed and Mediterranean lifestyle.
The region has a well-developed infrastructure, including modern airports, highways, and public transportation systems, making it easy to travel and explore the island.
Property prices in South Cyprus have shown steady growth over the years, making it a potentially lucrative investment opportunity.
Interesting Thoughts
Property
Favorable tax laws: South Cyprus offers a range of tax incentives for property buyers, including a reduced rate of VAT for first-time buyers and a low property tax rate. In addition, the country's non-domicile regime provides tax advantages for foreign investors who choose to make South Cyprus their permanent residence.
Market
A growing rental market: South Cyprus has a growing rental market, with demand for rental properties increasing in recent years. This is partly due to the large number of foreign workers who come to the country to work in industries such as tourism, finance, and shipping. As a result, there are opportunities for property hunters to invest in rental properties that can generate a steady stream of rental income.
300 days of sunshine per year on average
By comparison, the UK has just 58 days of sunshine on average.